daily repayment on $10,000 over 6 years at 6% | $5.45
monthly repayment on $10,000 over 6 years at 6% | $165.73
annual repayment on $10,000 over 6 years at 6% | $1,988.75
total repayment on $10,000 over 6 years at 6% | $11,932.48
Interest Only
daily interest on $10,000 over 6 years at 6% | $0.88
monthly interest on $10,000 over 6 years at 6% | $26.84
annual interest on $10,000 over 6 years at 6% | $322.08
total interest on $10,000 over 6 years at 6% | $1,932.48
For an , the monthly interest decreases over time as you pay off the loan's principal.
Typically an is used for details about what you'll pay in a given month.
The monthly interest function in Soulver indicates the average monthly interest paid over the lifetime of the loan.
